Vitamin cartel companies given record finesBMJ 2001; 323 doi: http://dx.doi.org/10.1136/bmj.323.7324.1271 (Published 01 December 2001) Cite this as: BMJ 2001;323:1271
- Rory Watson
The European Commission has imposed record fines of 855.22 million euros (£534m; $753m) on eight pharmaceutical companies for operating secret market sharing and price fixing cartels in the supply of vitamins throughout the 1990s.
The heaviest penalty of 462 million euros was handed out to the Swiss based multinational Hoffman-La Roche. The investigators maintain that the company was the chief instigator and was involved in all 12 cartels that they uncovered. Hoffmann-La Roche is the largest vitamin producer in the world, with about half of the overall market share.
The German company BASF, which is second in size only to Hoffman-La …
Log in using your username and password
Log in through your institution
Register for a free trial to thebmj.com to receive unlimited access to all content on thebmj.com for 14 days.
Sign up for a free trial